TECS Coils as SPY Double TOPs!
Updated
SPY is topping, forming a double top. This looks very good for TECS
I own January 20th $24 calls. Looking good...
What will be the trigger?
- Trade negotiation between China and US could derail
- The BREXIT's faith to be determined this month
- Europe' s and Global economy are weakening
- Earning season starts and we are in an earning recession as of last quarter... will it be confirmed?
We have added one more disturbance to the list this week...
- Trump impeachment inquiries...
Also look at this analysis... very interesting...
thetechnicaltraders.com/is-the-technology-sector-about-to-break-lower/
Good luck!
Disclaimer: The above are just my opinions and should not be construed as trading advise
I own January 20th $24 calls. Looking good...
What will be the trigger?
- Trade negotiation between China and US could derail
- The BREXIT's faith to be determined this month
- Europe' s and Global economy are weakening
- Earning season starts and we are in an earning recession as of last quarter... will it be confirmed?
We have added one more disturbance to the list this week...
- Trump impeachment inquiries...
Also look at this analysis... very interesting...
thetechnicaltraders.com/is-the-technology-sector-about-to-break-lower/
Good luck!
Disclaimer: The above are just my opinions and should not be construed as trading advise
Note
Patience will pay off. We are 1 to 2 weeks away from the move up. ...Note
It is taking a bit longer than I was hoping for but... the play is still very valid. The market went up on hope only (the never ending US China trade deal). Which tells me there is even more a bubble to be burst. What will make it burst I am not sure. Could it be the FED holding rates as is this week ? Could it be China / US nego going south? In any event, I don't believe one bit that US and China will arrive at a significant deal. It will be portreyed as such but it will be pig with lipstick on. :)I am trying to be patient until end of November...
Note
I must admit I went in a bit early but... I am still convinced this trade will pay off. I have added to my position, The Greed index is at the high. Something is going to give. money.cnn.com/data/fear-and-greed/
Note
Here is another way of looking at why I am holding to my trade, by looking at the SPY.
Also, listen to this: bnnbloomberg.ca/video/investors-should-short-the-s-p-500-gary-shilling~1799744
Note
SPX, YM, NQ and RUT are all pulling back ans starting a downtrend on the 4hr chart. THE day is SOON for this to take off!
Disclaimer
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